Should I wait to have a huge capital before I start trading?
Should I wait to have a huge capital before I start trading?
Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I’ve also been advised to start with a large sum of money which I couldn’t afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?
If you are new to trading you should focus more on making sure you do not lose a lot of money during your trading decisions before you start considering the amount of money you should use in trading for a start. This is because even if you have a lot of money and still do not master how to ensure that you lose less, you would still lose all the money you have and then even if you start trading with a little amount of money but proper risk management is practiced and you have mastered the art of ensuring that you reduce your losses, you will be able to grow that little trading capital that you have invested into something bigger with just time.